PFB Law, Professional Association - St. Paul Business Law And Estate Planning Lawyer" class="brand-image"/>
St. Paul: 651-968-1022
Toll Free: 866-561-3419
Practice Areas

What should you do if you have a dispute with a buyer or seller?

If a property you purchase isn't what it seemed or you sold something to a buyer who then didn't keep up on his or her end of the deal, you'll probably have a dispute on your hands. While some buyers and sellers are able to work out their problems outside mediation or arbitration, others need these services to come up with a solution to their legal conflicts.

If there is a problem between the buyers and sellers of a commercial property, arbitration is handled through the American Arbitration Association. The parties need to agree to arbitration before that will be considered an alternative for the dispute.

Before you request arbitration, it's important to document your case. Start by writing down the facts. Collect all the documents you have including utility bills, leasing agreements and others. These are important documents because they include information on each party's responsibilities in various situations.

Before you go to arbitration, you may want to talk to the person you have a dispute with to see if you can resolve the problem. It's possible that you may be able to resolve the issue ahead of time, so you don't have to spend time in arbitration.

Whatever the cause of your dispute is, make sure to research it as much as possible. Collect supporting evidence as to why you are correct and the other party is not. Write down the facts and be brief. Facts that are straight to the point can't be ignored as opinion. Your attorney can present these facts in a way that shows why you are in the right in this situation.

Source: Minnesota Commercial Association of Real Estate/Realtors, "Realtor Dispute Resolution," accessed Sep. 05, 2017

No Comments

Leave a comment
Comment Information